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Economy of Namibia vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Namibia has a GDP of $13.4B compared to $99B for Sri Lanka, ranking 147/197 and 72/197 by economy size, respectively.

Namibia has $9.05B in government debt (67.7% of GDP), compared to $99.8B (100.8% of GDP) in Sri Lanka.

Namibia vs Sri Lanka GDP by year

Namibia
Sri Lanka
1x
Year GDP, current $
Namibia Sri Lanka
2024 $13,372,354,512 $98,963,185,510
2023 $12,408,271,449 $83,716,142,582
2022 $12,569,449,123 $74,143,020,263
2021 $12,402,486,184 $88,556,698,938
2020 $10,583,748,542 $84,335,574,582
2019 $12,541,928,303 $88,998,706,297
2018 $13,682,019,076 $94,450,015,983
2017 $12,895,153,371 $94,369,350,286
2016 $10,722,018,732 $88,000,211,172
2015 $11,335,161,084 $85,090,301,052
2014 $12,435,430,970 $82,531,125,191
2013 $12,043,307,277 $76,976,203,829
2012 $13,042,053,592 $70,447,217,164
2011 $12,523,359,441 $67,753,285,897
2010 $11,431,412,421 $58,636,049,434
2009 $8,938,847,189 $42,066,224,093
2008 $8,607,431,497 $40,713,826,215
2007 $8,839,536,476 $32,350,238,760
2006 $8,001,779,551 $28,267,410,543
2005 $7,248,374,838 $24,405,791,045
2004 $6,609,205,995 $20,662,525,941
2003 $4,926,439,384 $18,881,765,437
2002 $3,349,169,826 $16,536,535,647
2001 $3,557,341,215 $15,749,753,805
2000 $3,922,232,165 $16,595,882,819
1999 $3,868,551,730 $15,711,933,513
1998 $3,873,109,866 $15,760,736,956
1997 $4,154,989,950 $15,091,913,884
1996 $3,989,163,197 $13,897,738,375
1995 $3,978,514,206 $13,029,697,561
1994 $3,666,503,530 $11,717,604,209
1993 $3,251,188,833 $10,338,679,636
1992 $3,429,521,699 $9,703,011,636
1991 $2,996,869,281 $9,000,362,582
1990 $2,789,921,854 $8,032,551,173
1989 $2,535,135,798 $6,987,267,684
1988 $2,495,094,746 $6,978,371,581
1987 $2,300,068,217 $6,682,167,120
1986 $1,809,048,527 $6,405,210,564
1985 $1,608,237,350 $5,978,460,972
1984 $1,951,260,038 $6,043,474,843
1983 $2,297,400,688 $5,167,913,302
1982 $2,118,710,248 $4,768,765,017
1981 $2,249,908,578 $4,415,844,156
1980 $2,421,990,338 $4,024,621,900
1979 - $3,364,611,432
1978 - $2,733,183,857
1977 - $4,104,509,583
1976 - $3,591,319,857
1975 - $3,791,298,146
1974 - $3,574,586,466
1973 - $2,875,625,000
1972 - $2,553,936,348
1971 - $2,369,308,600
1970 - $2,296,470,588
1969 - $1,965,546,218
1968 - $1,801,344,538
1967 - $1,859,465,021
1966 - $1,751,470,588
1965 - $1,698,319,328
1964 - $1,309,747,899
1963 - $1,240,672,269
1962 - $1,434,156,379
1961 - $1,444,327,731
1960 - $1,409,873,950

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/namibia/sri-lanka | CC BY

GDP per capita in Namibia vs Sri Lanka by year

Namibia
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Namibia Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,413 $11,687 $4,516 $15,633
2023 $4,188 $11,251 $3,799 $14,456
2022 $4,350 $10,663 $3,343 $14,194
2021 $4,413 $9,709 $3,997 $14,316
2020 $3,879 $9,354 $3,848 $12,941
2019 $4,732 $9,609 $4,082 $14,113
2018 $5,309 $9,854 $4,359 $14,178
2017 $5,144 $9,888 $4,399 $13,610
2016 $4,396 $10,200 $4,149 $13,079
2015 $4,774 $10,466 $4,058 $12,227
2014 $5,378 $10,365 $3,972 $11,721
2013 $5,347 $9,699 $3,739 $11,253
2012 $5,943 $9,364 $3,328 $10,249
2011 $5,835 $9,002 $3,225 $9,076
2010 $5,418 $8,538 $2,808 $8,234
2009 $4,303 $8,079 $2,027 $7,576
2008 $4,205 $8,125 $1,974 $7,317
2007 $4,379 $7,875 $1,579 $6,820
2006 $4,017 $7,374 $1,389 $6,261
2005 $3,686 $6,767 $1,207 $5,679
2004 $3,403 $6,480 $1,029 $5,216
2003 $2,569 $5,693 $946 $4,850
2002 $1,772 $5,433 $835 $4,522
2001 $1,916 $5,196 $804 $4,328
2000 $2,157 $5,129 $860 $4,368
1999 $2,178 $4,961 $829 $4,103
1998 $2,235 $4,852 $848 $3,952
1997 $2,460 $4,764 $827 $3,804
1996 $2,423 $4,612 $776 $3,582
1995 $2,483 $4,509 $742 $3,454
1994 $2,356 $4,376 $678 $3,260
1993 $2,155 $4,345 $607 $3,067
1992 $2,347 $4,452 $580 $2,851
1991 $2,117 $4,192 $546 $2,713
1990 $2,037 $3,875 $491 $2,527
1989 $1,967 - $430 -
1988 $2,063 - $434 -
1987 $1,969 - $420 -
1986 $1,599 - $407 -
1985 $1,466 - $385 -
1984 $1,830 - $391 -
1983 $2,214 - $336 -
1982 $2,097 - $312 -
1981 $2,267 - $292.5 -
1980 $2,468 - $271.1 -
1979 - - $230.8 -
1978 - - $191 -
1977 - - $292.1 -
1976 - - $260.3 -
1975 - - $279.8 -
1974 - - $268.7 -
1973 - - $220.2 -
1972 - - $199.4 -
1971 - - $188.8 -
1970 - - $186.9 -
1969 - - $163.6 -
1968 - - $153.5 -
1967 - - $162.3 -
1966 - - $156.6 -
1965 - - $155.6 -
1964 - - $122.9 -
1963 - - $119.4 -
1962 - - $141.4 -
1961 - - $145.9 -
1960 - - $145.9 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/namibia/sri-lanka | CC BY

Namibia's GDP per capita is $4,413, ranking 126/197, compared to $4,516 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Namibia ranks 128th at $11,687, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Namibia Sri Lanka
Gross domestic product
$13.4B
2024
$99B
2024
GDP rank
147/197
2024
72/197
2024
GDP growth
3.71%
2023-2024
5.01%
2023-2024
GDP per capita
$4,413
2024
$4,516
2024
GDP per capita rank
126/197
2024
124/197
2024
GDP per capita, PPP
$11,687
2024
$15,633
2024
GDP per capita PPP rank
128/197
2024
111/197
2024
Government debt
$9.05B
2024
$99.8B
2024
Debt-to-GDP ratio
67.7%
2024
100.8%
2024
Government debt per person
$2,988
2024
$4,554
2024
Government debt per person rank
100/185
2024
85/185
2024
Average annual personal income after taxes
$6,197
2026
$2,874
2026
Market capitalization of domestic companies
$2.48B
2024
$19.5B
2024
Income share by richest 10%
47.2%
2015
30.8%
2019
Income share by poorest 10%
1%
2015
3.1%
2019
Government expenditure, % of GDP
39.9%
2024
19.3%
2024
Consumer prices inflation
4.2%
2023-2024
-0.43%
2023-2024
Central bank interest rate
6.5%
2025
7.75%
2025
Unemployment rate
19.9%
2018
4.67%
2023
Population
3173089
22185425

Spending and national debt comparison by year

Namibia
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Namibia Sri Lanka
Government spending Government debt Government spending Government debt
2024 39.9% 67.7% 19.3% 100.8%
2023 37% 67.2% 19.5% 110.4%
2022 36.6% 69.4% 18.6% 115.9%
2021 39.3% 69.6% 20% 102.7%
2020 41.5% 64.3% 22.1% 96.9%
2019 37.4% 57.6% 19.5% 82.6%
2018 36.3% 48.7% 17.5% 83.6%
2017 38.1% 43.8% 17.9% 72.3%
2016 41.8% 45.8% 18.2% 75%
2015 43.7% 42.1% 19.3% 76.3%
2014 41.8% 27.6% 17.2% 69.6%
2013 38.3% 26.1% 16.6% 69.5%
2012 35% 24.6% 17.3% 67.5%
2011 38.5% 27.4% 19.1% 69.4%
2010 33.5% 16.3% 19.3% 68.7%
2009 32% 15.9% 21% 72.8%
2008 28.4% 19.1% 19.1% 68.8%
2007 26.1% 19.4% 19.9% 71.8%
2006 27.4% 26.1% 20.5% 74.3%
2005 27.7% 26.9% 20.1% 76.6%
2004 28.4% 29.2% 19.3% 86.5%
2003 31.1% 27.1% 19.3% 86.5%
2002 29.8% 22.2% 20.8% 96.3%
2001 30.7% 24.4% 22.4% 84.4%
2000 30.1% 20.9% 21.7% 79.2%
1999 31.8% 21.8% 20.5% 77.7%
1998 31.3% 19.6% 21.4% 74.2%
1997 30.9% 17.7% 21.4% 70.1%
1996 30.4% 18.7% 23.1% 76.2%
1995 29.6% 18% 24.8% 77.8%
1994 28.7% 16.4% 24.1% 77.9%
1993 32.4% 17.2% 23.2% 79.2%
1992 32.8% 14.1% 23% 77.9%
1991 33% 11.8% 26.4% 80.5%
1990 30.2% 12.9% 25.4% 78.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1992, retrieved 2026-02-20).

GeoRank.org/economy/namibia/sri-lanka | CC BY

In 2024, Namibia's government spending was $5.34B, accounting for 39.9% of its GDP, while Sri Lanka spent $19.1B, or 19.3% of GDP.

Debt-to-GDP ratio is 67.7% in Namibia and 100.8% in Sri Lanka, ranking 61/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Namibia

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Namibia Sri Lanka
2024 -3.59% -5.64%
2023 -3.14% -8.32%
2022 -6.33% -10.2%
2021 -8.68% -11.7%
2020 -8.07% -13.4%
2019 -5.49% -7.52%
2018 -5.09% -4.96%
2017 -4.99% -5.1%
2016 -9.3% -5%
2015 -8.3% -6.64%
2014 -6.44% -5.99%
2013 -4.69% -5%
2012 -3.1% -5.44%
2011 -7.09% -6.01%
2010 -4.98% -6.73%
2009 -0.4% -8.33%
2008 3.48% -5.93%
2007 6.01% -5.81%
2006 3.41% -5.91%
2005 -0.31% -5.93%
2004 -2.67% -6.32%
2003 -4.47% -6.15%
2002 -1.38% -6.9%
2001 -2.01% -8.48%
2000 -0.79% -7.78%
1999 -1.88% -5.58%
1998 -2.76% -6.79%
1997 -2.38% -5.71%
1996 -3.7% -6.89%
1995 -1.74% -7.11%
1994 -0.57% -7.41%
1993 -2.73% -5.77%
1992 -2.55% -4.95%
1991 -1.59% -7.97%
1990 1.08% -6.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/namibia/sri-lanka | CC BY

In 2024, Namibia's government deficit, the difference between spending and revenue, was $480M, equivalent to 3.59% of GDP. This compares to Sri Lanka's deficit of $5.58B, or 5.64% of GDP.

Over the past 35 years, Namibia recorded a fiscal deficit in 31 of those years, while Sri Lanka ran a deficit in 35 years. On average, Namibia posted an annual deficit equal to 3.06% of GDP, compared to deficit of 6.85% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Namibia

Sri Lanka
1x
Year Consumer prices inflation
Namibia Sri Lanka
2024 4.2% -0.43%
2023 5.9% 16.5%
2022 6.1% 49.7%
2021 3.6% 7.01%
2020 2.2% 6.15%
2019 3.7% 3.53%
2018 4.3% 2.14%
2017 6.1% 7.7%
2016 6.7% 3.96%
2015 3.4% 3.77%
2014 5.3% 3.18%
2013 5.6% 6.91%
2012 6.7% 7.54%
2011 5% 6.72%
2010 4.9% 6.22%
2009 9.5% 3.46%
2008 9.1% 22.6%
2007 6.5% 15.8%
2006 5% 10%
2005 2.3% 11.6%
2004 4.1% 7.58%
2003 7.2% 6.31%
2002 12.7% 9.55%
2001 10.2% 14.2%
2000 10.2% 6.18%
1999 9.4% 4.69%
1998 6.6% 9.36%
1997 9.7% 9.57%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/namibia/sri-lanka | CC BY

Over the past 28 years, Namibia has recorded an average annual inflation rate of 6.29%, compared with 9.34% in Sri Lanka. In 2024, inflation was 4.2% in Namibia and -0.43% in Sri Lanka.

Top exports between countries

Namibia
Export category Export value
Machinery & equipment $292K
Raw materials & minerals $51K
Metals $34K
Miscellaneous $2K
Sri Lanka
Export category Export value
Raw materials & minerals $159K
Textiles & consumer goods $100K
Machinery & equipment $14K
Wood & paper products $4K
Precious metals & jewellery $3K
Animal & marine products $2K

Balance of trade

Namibia Sri Lanka
Current account balance
-$1.89M
2024
$1.21B
2024
Current account balance ranking
78/190
2024
53/190
2024
Current account balance, % of GDP
-0.01%
2024
+1.22%
2024
Goods imports
$6.77B
2024
$18.8B
2024
Goods exports
$4.67B
2024
$12.8B
2024
Service imports
$2.47B
2024
$3.48B
2024
Service exports
$1.29B
2024
$6.91B
2024
Imports of goods and services, % of GDP
68%
2024
22.5%
2024
Exports of goods and services, % of GDP
41.6%
2024
19.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Namibia Sri Lanka
Economic freedom 60.2 50.3
Economic freedom ranking 95/197 162/197
Property rights 63.1 47.3
Government integrity 51.5 37.3
Judicial effectiveness 67.2 47.2
Tax burden 66.4 77
Government spending 57.1 89
Fiscal health 60.5 0
Business freedom 58 60.1
Labor freedom 62.7 54.3
Monetary freedom 76.1 65.9
Trade freedom 69.8 65.6
Investment freedom 50 30
Financial freedom 40 30

Economic freedom comparison by year

Namibia
Sri Lanka
1x
Year Economic freedom index
Namibia Sri Lanka
2026 60.2 50.3
2025 58.7 49.4
2024 57.5 49.2
2023 57.7 52.2
2022 59.2 53.3
2021 62.6 55.7
2020 60.9 57.4
2019 58.7 56.4
2018 58.5 57.8
2017 62.5 57.4
2016 61.9 59.9
2015 59.6 58.6
2014 59.4 60
2013 60.3 60.7
2012 61.9 58.3
2011 62.7 57.1
2010 62.2 54.6
2009 62.4 56
2008 61.4 58.4
2007 63.5 59.4
2006 60.7 58.7
2005 61.4 61
2004 62.4 61.6
2003 67.3 62.5
2002 65.1 64
2001 64.8 66
2000 66.7 63.2
1999 66.1 64
1998 66.1 64.6
1997 61.6 65.5
1996 - 62.5
1995 - 60.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/namibia/sri-lanka | CC BY

The Economic Freedom Index for Namibia is 60.2, ranking 95/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Namibia Sri Lanka
Services, % of GDP
54.5%
2024
57.5%
2024
Industry, % of GDP
28.9%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
7.29%
2024
8.3%
2024
GNI, Atlas method
$12.8B
2024
$84.6B
2024
GNI per capita, PPP
$11,300
2024
$15,240
2024
Total reserves including gold
$3.36B
2024
$6.09B
2024
Total reserves ranking
115/177
2024
92/177
2024
Net foreign direct investment
-$1.93M
2024
-$651M
2024
Net inflows of foreign direct investment
$1.97B
2024
$761M
2024
Net outflows of foreign direct investment
$44.5M
2024
$110M
2024
Servicing debt to the IMF, % of GNI n/a
4.98%
2024
Poverty at national poverty lines
17.4%
2015
14.3%
2019
Gross capital formation, % of GDP
25.6%
2024
27%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/namibia/sri-lanka | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1992, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.